These kind of outages are incredibly frustrating when you are trying to make a time sensitive trade, so I can understand why people panic and make a fuss. On the other hand there are inevitably going to be problems that cause down time every once in a while, so it would be irrational to get too angry at them.

I was a bit worried when I saw the news today and had to login to my account and see my coins are ok but the withdraw or trading is suspended.. so I will wait for it to come back online in the next day and withdraw the coins I want to hold long term.. will get them in to a wallet.

I have Binance. I'm a programmer and these kind of issues are normal specially with this kind of site who's handling lots of data every second. They sure need to upgrade their system every now and then.

Agreed @gvincentjosephm I for one prefer a well updated and secure platform, haters are always going to hate but if your leaving your coins on an exchange and your unable to withdraw who's fault is that really?

That’s crazy! I signed up for Binance a few days ago. I didn’t deposit any crypto but did explore their platform for a bit. Hopefully the get straightened out seeing as they just added steem to their exchange!

I don't think It's anything to worry about. They do have a lot of trading activity, which is clearly going to have an effect on the sites security. With that in mind, I'd rather they go offline for 12 hours than risk being hacked.

Chill out - this is the message from Binance.
"We experienced a server issue on our replica database cluster, causing some data to be out of sync. Need to fully resync from master. Due the size of the data, it will take several hours. No data is lost. We appreciate your understanding and support."

Open ledger is great,decentralized and the best thing,you are under control of your founds,no one else.Only bad thing is low liquidity..exchange is not popular yet..sometimes it's hard to sell something.

I think when they are doing they send a threatening message and individuals will get startled. I trust this isn't ghastly news. The benefit backward thing we require is another vanishing of crypto stores for the media to express that its contorting. when you attempt to sign in to buy more coins or to simply check the market you can't sign in just to discover later that their server is down with no notice.

Binance Down for Next 12 Hours! This backs my idea that ALL crypto investors should get a hardware wallet. I have resteemed this to share with ALL Steemit Users. Great share! Do you deal with Binance? I am sure you have a hardware wallet.

There are more people on the system now than ever before so systems cant keep up, servers have to be expanded to handle the traffic flow. All will be fine soon, thanks for sharing this information with everyone.

Yes, I think when they are doing they send a bad message and people will get scared. I hope this is not bad news. The last thing we need is another disappearance of crypto funds for the media to say that its fraud.

Open Ledger is fully decentralized. It's pretty cool once you get the hang of it. Many coins to choose including Bitcoin, Litecoin, Dash, Steem, EOS, and a lot more. Open Ledger is built on the Bitshares blockchain. Best move i've ever made in crypto space.

Maintenance means it's planned, so you tell your customers beforehand. They are either 1) douchebags for not telling their customers in advance, or 2) lying about it being maintenance. You decide.@kingscrown

3 ) they had unexpected problem, because their system was designed poorly, and instead of continuing trading exposing everybody to risks of bigger problems they chose to do long maintenance to resolve immediate problem in less risky way for everybody.

I like their current decision, but I don't like design of their system.
And if they will not change that design during that maintenance, this problem will repeat, so sell BNB unless they publish news about good design changes.

Maintenance is necessary considering the popularity of crypto and how many people signing up on daily basis on binance. No big deal. I generally agree that we should never store very big amounts on any exchanges but if you have small amounts it's ok. Aftter several months of dealing with crypto I realised that it's the same thing repeating itself over and over, so the less you are worried the better you live. People panic way too much.

It wen't down just when I was about to confirm my sell order! Now, I'm already 5% down and it keeps falling. I was originally using bittrex as my main exchange and I just started using binance last night, then this happened! I am so mad! grrr!

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Crypto is all about how long you can hodl off panic! Binance will be back up and running shortly. In the mean time I suggest you go and watch the the new Han Solo trailer and start worrying for Disney!! :)

definitely annoying especially when you don't get a notification message when you log in. Between this and steem still down on Polo can't help but feel a bit stuck - not concerned that all will be resolved just not a good place to be for those of us who believe in the space... #Bpositive

It's completely unacceptable for a top 5 exchange to have any type of maintenance for 12 hours, never mind unscheduled. Whatever the problem is, you can damn well believe it's big because they are costing themselves a lot of money by being down.

I feel like the real issues are surrounding the fact that this may be a breach of security that leads to a hack theft. An unannounced shut down might signal they have isolated a hack and are keeping coins from being moved off the exchange.

Kraken went down for days and is now back up and running fine. Almost all exchanges suffer from scaling issues due to exploding cryptocurrency demand, no need for panic every time this happens. I'm all for decentralized exchanges, but downtime like this is not at of the ordinary at all.

Diversification is key here folks, I have been unable to trade on binance today, no problem, been making all my actions on Kucoin and Bittrex, and 90 percent of my coins are safe in my wallets anyhow. You have to know the game people!

Binance was limiting new signups for awhile there. I guess still though growing to fast. I m not a techie but even now if a new exchange or company pop up with actual customer service and toll free line they will dominate this space. Binance is a step up from Polo but we still got a ways to go until a company really brings it with some true customer service. Nice post kingscrown.

Think about it this way ...... Does Amazon email you or "let you know" when they're updating their shopping app? Nope, and they aren't obligated to either. Assuming your from the UK or the US, Binance is foreign, which means they operate differently and adhere to a different set of rules and policies than a typical American or UK company would. Just because they are down does not mean PANIC. Cool your beans bro, it's all good. Binance will be up and running again within a day.

first, i want to say that this is my first reply on Steemit! i trade mainly on Binance so this is an inconvenience. the plus side is that i do not have a lot of money, so i cant really do much trading because its tide up in my "HODL"ings. either way, i am not too upset as long as the situation is actually how its been presented. If it was a hack (which i dont believe they would lie about because it would come out eventually) then i might be more concerned.